Senor Buscador Secures ‘Saudi Cup’ Victory, Defending Home Turf

Saudi Crown Prince Mohammed bin Salman bin Abdulaziz crowned Sharaf Al-Hariri, owner of the horse “Senor Buscador,” winner of the “Saudi Cup” at the King Abdulaziz Equestrian Arena in Riyadh (Asharq Al-Awsat)
Saudi Crown Prince Mohammed bin Salman bin Abdulaziz crowned Sharaf Al-Hariri, owner of the horse “Senor Buscador,” winner of the “Saudi Cup” at the King Abdulaziz Equestrian Arena in Riyadh (Asharq Al-Awsat)
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Senor Buscador Secures ‘Saudi Cup’ Victory, Defending Home Turf

Saudi Crown Prince Mohammed bin Salman bin Abdulaziz crowned Sharaf Al-Hariri, owner of the horse “Senor Buscador,” winner of the “Saudi Cup” at the King Abdulaziz Equestrian Arena in Riyadh (Asharq Al-Awsat)
Saudi Crown Prince Mohammed bin Salman bin Abdulaziz crowned Sharaf Al-Hariri, owner of the horse “Senor Buscador,” winner of the “Saudi Cup” at the King Abdulaziz Equestrian Arena in Riyadh (Asharq Al-Awsat)

Saudi Crown Prince Mohammed bin Salman, acting on behalf of King Salman bin Abdulaziz, has crowned America’s Senor Buscador as the winner of the 5th edition of the Saudi Cup 2024 horse race at King Abdulaziz Racecourse in Riyadh.

Following an electrifying race, Senor Buscador emerged victorious, securing the top position in the 9th round of the Saudi Cup race.

This prestigious equestrian event, known globally, offered significant prize money totaling $37.6 million across 17 rounds.

The Saudi Cup, with a prize of $20 million, saw a record-breaking participation of 244 horses.

Upon arrival at the venue, the Crown Prince was received by Prince Bandar bin Khalid Al-Faisal, chairman of the Board of Directors of the Equestrian Authority and chairman of the Board of Directors of the Jockey Club of Saudi Arabia.

The Crown Prince watched the final round of the horse race competition that attracted the finest thoroughbreds and top jockeys from around the globe.

The participating horses moved from the grooming arena to the parade ground in front of the Crown Prince before the race commenced. All participating jockeys were also present on the parade ground.

The Crown Prince then congratulated the owner of the horse Senor Buscador, for winning the race and presented them the Saudi Cup.

He also congratulated the horse trainer and jockey and presented them with a horse replica and a cavalry horse helmet respectively.

Japan’s Ushba Tesoro claimed the second position in this high-stakes horseracing event.

Moreover, the horse “Tower of London” won the top spot in the Red Sea Cup, covering 3,000 meters on grass and earning a prize of $1.5 million for its owners.

Former Manchester United manager Sir Alex Ferguson also celebrated victory as his horse “Spirit Dancer” claimed first place in the Howden Neom Turf Cup.



Qatar’s Sovereign Wealth Fund Takes a Stake in Audi’s Future F1 Team

 Formula One F1 - Qatar Grand Prix - Lusail International Circuit, Lusail, Qatar - November 29, 2024 Sauber's Guanyu Zhou, Williams' Franco Colapinto and McLaren's Oscar Piastri during practice. (Reuters)
Formula One F1 - Qatar Grand Prix - Lusail International Circuit, Lusail, Qatar - November 29, 2024 Sauber's Guanyu Zhou, Williams' Franco Colapinto and McLaren's Oscar Piastri during practice. (Reuters)
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Qatar’s Sovereign Wealth Fund Takes a Stake in Audi’s Future F1 Team

 Formula One F1 - Qatar Grand Prix - Lusail International Circuit, Lusail, Qatar - November 29, 2024 Sauber's Guanyu Zhou, Williams' Franco Colapinto and McLaren's Oscar Piastri during practice. (Reuters)
Formula One F1 - Qatar Grand Prix - Lusail International Circuit, Lusail, Qatar - November 29, 2024 Sauber's Guanyu Zhou, Williams' Franco Colapinto and McLaren's Oscar Piastri during practice. (Reuters)

The sovereign wealth fund of Qatar is acquiring a “significant minority stake” in what will become Audi's works Formula 1 team from 2026, in a deal announced Friday ahead of the Qatar Grand Prix.

A joint statement said the Qatar Investment Authority will be “a long-term investor and partner” and provide “a substantial capital injection” that will help the team expand its infrastructure.

The team is currently competing as Sauber and will be rebranded as the Audi works outfit for 2026 after it reached agreement for a full takeover earlier this year.

“This additional capital will accelerate the team’s growth and is yet another milestone on our long-term strategy,” Audi chief executive Gernot Döllner said in the joint statement.

Qatar is already an investor in the Volkswagen Group, of which Audi is a part.

“QIA believes that Formula 1 is a sport with significant untapped investment potential,” QIA chief executive Mohammed Saif Al-Sowaidi said.

"The increasing commercialization of professional sports as an entertainment offering globally, and the increasingly global popularity of Formula 1, has made for an exciting opportunity for our first major motorsports investment.”

Sauber is changing both its drivers for 2025, as Nico Hülkenberg and rookie Gabriel Bortoleto arrive to replace Valtteri Bottas and Zhou Guanyu. It is the only team yet to score a point this season.